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ShaMaran Petroleum Corp (SNM.V)

SNM.V on TSX Venture Exchange

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Latest Key Developments (Source: Significant Developments)

Shamaran Petroleum says oil production in Atrush started
Monday, 3 Jul 2017 08:31am EDT 

July 3 (Reuters) - Shamaran Petroleum Corp :Shamaran Petroleum Corp - Oil started flowing through Atrush Central Processing Facility on July 3, 2017.Shamaran Petroleum Corp - Production is expected to ramp up in 2017 to facilities design capacity of 30,000 barrels of oil equivalent per day.  Full Article

ShaMaran says preparations for first oil production are substantially complete
Wednesday, 28 Jun 2017 06:40am EDT 

June 28 (Reuters) - ShaMaran Petroleum Corp :ShaMaran operational update.ShaMaran Petroleum Corp - Preparations for first oil production are substantially complete.ShaMaran Petroleum Corp - Operator, Taqa Atrush B.V., expects that oil production will commence early next week.  Full Article

Shamaran Petroleum expects to raise gross proceeds of about CAD 36 million
Friday, 20 Jan 2017 10:30am EST 

Shamaran Petroleum Corp : Books closed and pricing set on private placement . Pricing of private placement was determined during book-building process to be 0.10 Canadian dollar (equal to 0.67 Swedish crown) per share‍ . Will result in issuance of 360 million common shares for gross proceeds of about 36 million Canadian dollars ($27 million) . ‍Closing is expected to occur on or about Jan. 30, 2017​ . ‍Pareto Securities has been engaged as manager and bookrunner for private placement​ .‍Net proceeds will be used primarily to fund its expenditures related to Atrush field development in the Kurdistan Region of Iraq as well as for general corporate purposes.  Full Article

Shamaran Q3 net loss from continuing operations $2.1 mln vs. net loss of $1.9 mln last year
Tuesday, 15 Nov 2016 05:30pm EST 

Shamaran Petroleum Corp : Qtrly net loss from continuing operations $2.1 million versus a net loss of $1.9 million last year .Shamaran Q3 2016 financial and operating results.  Full Article

ShaMaran Petroleum Q2 loss $2.5 mln
Tuesday, 16 Aug 2016 05:30pm EDT 

ShaMaran Petroleum Corp : ShaMaran Q2 2016 financial and operating results .ShaMaran Petroleum Corp qtrly loss $2.5 million versus loss of $2.1 million last year.  Full Article

Shamaran Petroleum says legal talks resulted in delay in construction of feeder pipeline
Wednesday, 10 Aug 2016 12:45pm EDT 

Shamaran Petroleum Corp: Shamaran operations update . Taqa Atrush B.V., co's unit, Marathon Oil KDV BV, working with Kurdistan Regional Government, Kar Co regarding a contractual structure . Contractual and commercial structure for the construction of feeder pipeline . Commercial and legal discussions have resulted in a delay in start of construction of feeder pipeline .Commercial discussions in advanced state for construction of feeder pipeline; to most likely result in first oil to slip into q1 2017.  Full Article

ShaMaran Petroleum Corp announces financing proposal
Monday, 14 Mar 2016 09:00am EDT 

ShaMaran Petroleum Corp:Announces financing proposal.Arrangement will provide co with additional liquidity in 2016 of approximately USD 33 million net of transaction costs.Says considering offering private placement of shares for cash for the remainder if USD 18 million is not converted.Arrangement to complete its share of estimated investments in 2016 in order to deliver atrush field into production.Says atrush project is progressing according to plan with first oil targeted mid-2016.  Full Article

BRIEF-ShaMaran says preparations for first oil production are substantially complete

* ShaMaran Petroleum Corp - Preparations for first oil production are substantially complete